Europe Hot Runner Temperature Controller Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Valve Gate Hot Runner and Open Gate Hot Runner), Application (Automotive Industry, Electronic Industry, Medical Industry, Packaging Industry, and Others), and Control Zone (Up to 12 Zones, 12-48 Zones, 48-72 Zones, 72-108 Zones, 108- 144 Zones, 144-180 Zones, 180-216 Zones, and Above 216 Zones)
Market Introduction
Germany, France, the UK, and Italy are among the major countries in Europe. The western part of Europe is known for its better living conditions, higher income levels, and greater GDP per capita than the other parts of the region. Extensive R&D investments on vehicle production and well-established automotive industry in Germany, high adoption rate of light as well as electric vehicles in developed countries, and government investments to scale up vehicle production are the key factors driving the hot runner temperature controller market growth in the region. Governments of European countries have been taking various initiatives to propel the growth of the automotive, electronics, packaging, and medical, industries, among others. Europe has significantly upgraded its industrial sector through the Industry 4.0 framework. The digital industrial revolution in Europe has significantly improved manufacturing flexibility, increased speed, supported mass customization, and enhanced productivity and quality. ICT plays a key role in the value chain of digital revolution. The European Union (EU) supports industrial revolution through industrial policies and infrastructure funding. Member States also sponsor various initiatives such as the Factory of the Future in France, Germany’s Industrial 4.0, and Catapult centers in the UK. The digital transformation in Europe is revolutionizing business processes in Europe. The aerospace, automotive, and consumer electronics industries are among the key consumers of encoders. In consumer electronics industry, encoders are critical for the production of advanced electronic devices. Encoders also find applications in robotic arms, unmanned mechanical systems, automated transportation, and others. Therefore, the adoption of hot runner temperature controllers across the abovementioned industries would bolster the market growth in Europe in the coming years.
The COVID-19 pandemic is predicted to have a greater impact on European industries than the 2008–2009 industrial crisis. The industrial sector in the region reported lower production levels in 2020 than those recorded in 2019. Several industries in Europe faced downfall in the second quarter of 2020, compared with second quarter of 2019. The metal technology sector and the mechanical engineering industry faced a downfall of 24.2% and 21%, respectively, while the output of electrical and electronics sector lowered down to 14.2% during the second quarters of 2020. Automotive is one of the most affected European industries by the COVID-19 pandemic, which is also one of the major adopters of automation technologies. The slowdown in industrial operations amid this crisis has led to reduction in investments in injection molding operations and robotics machinery adoption. Moreover, concerns regarding productivity among the injection molding vendors has also brought a change in the adoption of automation technologies such as digital equipment (temperature controllers and other technologies) across industrial operations. According to the research study, it is predicted that more than 50% of the industrial operations are expected to be automated by 2025 across different sectors in Europe, which would boost the adoption of hot runner temperature controller equipment in the region during the forecast period.
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Market Overview and Dynamics
The hot runner temperature controller market in Europe is expected to grow from US$ 30.15 million in 2021 to US$ 45.71 million by 2028; it is estimated to grow at a CAGR of 6.1% from 2021 to 2028. The new Linux-based touchscreen multizone controllers are intended for use in applications with a large number of zones in various industries, including automotive, medical, pharmaceuticals, packaging, caps and closure, and technical parts manufacturing. For instance, SISE Plastics Regulate Systems Inc., Atlanta, demonstrated its new generation of multizone controller technology named MV3 at Amerimold; the product is offered in five sizes—XS, S, M, L, and XL—and three power variants—2.5A, 15A, and 30A. These new generation of hot runner temperature controllers are capable of controlling up to 336 zones. They come with three conventional touchscreen sizes: 7", 10", and 12". Moreover, these new models have access to power and thermocouple cards by pivoting and detachable lateral shelves. These new-generation products would exhibit handy, sophisticated functions such as four soft starts, zone grouping, and PTI function for thermocouple abnormalities, Moldscan for real-time hot runner diagnostics, and material leak detection, which are enabled by the accessible power and thermocouple cards on removable pivoting shelves. The system is bilingual (supports up to 11 languages) and has an unlimited memory capacity for mold files. Finally, the MV3 can interface with IMMs, and save and monitor production temperatures, making it ideal for Industry 4.0 applications.
Key Market Segments
In terms of type, the valve gate segment accounted for the largest share of the Europe hot runner temperature controller market in 2020. In terms of application, the packaging industry segment accounted for the largest share of the Europe hot runner temperature controller market in 2020. In term of control zone, the 12-48 Zones segment held a larger market share of the hot runner temperature controller market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the hot runner temperature controller market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Gammaflux; Husky Injection Molding Systems Ltd.; Meusburger Georg GmbH & Co KG; INGLASS S.P.A.; Hillenbrand, Inc.; GÜNTHER Heisskanaltechnik GmbH; EWIKON HEIßKANALSYSTEME GMBH; and Mold Hotrunner Solutions Inc. among others.
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- To understand the Europe hot runner temperature controller market landscape and identify market segments that are most likely to guarantee a strong return
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- Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.
Europe Hot Runner Temperature Controller Market Segmentation
Europe Hot Runner Temperature Controller Market – By Type
- Valve Gate
- Open Gate
Europe Hot Runner Temperature Controller Market – By Application
- Automotive Industry
- Electronic Industry
- Medical Industry
- Packaging Industry
- Others
Europe Hot Runner Temperature Controller Market – By Control Zone
- Up to 12 Zones
- 12-48 Zones
- 48-72 Zones
- 72-108 Zones
- 108-144 Zones
- 144-180 Zones
- 180-216 Zones
- Above 216 Zones
Europe Hot Runner Temperature Controller Market – By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Europe Hot Runner Temperature Controller Market – Companies Mentioned
- Gammaflux
- Husky Injection Molding Systems Ltd.
- Meusburger Georg GmbH & Co KG
- INGLASS S.P.A.
- Hillenbrand, Inc.
- Mold Hotrunner Solutions Inc.
- GÜNTHER Heisskanaltechnik GmbH
- EWIKON HEIßKANALSYSTEME GMBH
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Hot Runner Temperature Controller – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Hot Runner Temperature Controller Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Up-surging Use of Molded Plastics in Automotive, Medical Devices, Construction, and Packaging Industries
5.1.2 Lesser Cycle Time and Reduction of Plastic Waste
5.2 Key Market Restraints
5.2.1 Major Dependency on Manufacturing Sector
5.3 Key Market Opportunities
5.3.1 Improvement in IoT and Industry 4.O
5.4 Future Trends
5.4.1 Raising Adoption of New-Generation Multizone Hot Runner Controller Technology
5.5 Impact Analysis of Drivers and Restraints
6. Europe Hot Runner Temperature Controller – Market Analysis
6.1 Europe Hot Runner Temperature Controller Market Overview
6.2 Europe Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
7. Europe Hot Runner Temperature Controller Market Analysis – By Type
7.1 Overview
7.2 Europe: Hot Runner Temperature Controller Market- by Type
7.3 Valve Gate Hot Runner
7.3.1 Overview
7.3.2 Valve Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
7.4 Open Gate Hot Runner
7.4.1 Overview
7.4.2 Open Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Hot Runner Temperature Controller Market Analysis – By Application
8.1 Overview
8.2 Europe: Hot Runner Temperature Controller Market- By Application
8.3 Automotive Industry
8.3.1 Overview
8.3.2 Automotive Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.4 Electronic Industry
8.4.1 Overview
8.4.2 Electronic Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.5 Medical Industry
8.5.1 Overview
8.5.2 Medical Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.6 Packaging Industry
8.6.1 Overview
8.6.2 Packaging Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Hot Runner Temperature Controller Market Analysis – By Control Zone
9.1 Overview
9.2 Europe: Hot Runner Temperature Controller Market- By Control Zone
9.3 Up to 12 Zones
9.3.1 Overview
9.3.2 Up to 12 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.4-48 Zones
9.4.1 Overview
9.4.2-48 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.5-72 Zones
9.5.1 Overview
9.5.2-72 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.6-108 Zones
9.6.1 Overview
9.6.2-108 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.7-144 Zones
9.7.1 Overview
9.7.2-144 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.8-180 Zones
9.8.1 Overview
9.8.2-180 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.9-216 Zones
9.9.1 Overview
9.9.2-216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
9.10 Above 216 Zones
9.10.1 Overview
9.10.2 Above 216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Hot Runner Temperature Controller Market – Country Analysis
10.1 Overview
10.1.1 Europe: Hot Runner Temperature Controller Market- by Key Country
10.1.1.1 Germany: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Germany: Hot Runner Temperature Controller Market- by Type
10.1.1.1.2 Germany: Hot Runner Temperature Controller Market- By Application
10.1.1.1.3 Germany: Hot Runner Temperature Controller Market- By Control Zone
10.1.1.2 France: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 France: Hot Runner Temperature Controller Market- by Type
10.1.1.2.2 France: Hot Runner Temperature Controller Market- By Application
10.1.1.2.3 France: Hot Runner Temperature Controller Market- By Control Zone
10.1.1.3 Italy: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 Italy: Hot Runner Temperature Controller Market- by Type
10.1.1.3.2 Italy: Hot Runner Temperature Controller Market- By Application
10.1.1.3.3 Italy: Hot Runner Temperature Controller Market- By Control Zone
10.1.1.4 UK: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 UK: Hot Runner Temperature Controller Market- by Type
10.1.1.4.2 UK: Hot Runner Temperature Controller Market- By Application
10.1.1.4.3 UK: Hot Runner Temperature Controller Market- By Control Zone
10.1.1.5 Russia: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 Russia: Hot Runner Temperature Controller Market- by Type
10.1.1.5.2 Russia: Hot Runner Temperature Controller Market- By Application
10.1.1.5.3 Russia: Hot Runner Temperature Controller Market- By Control Zone
10.1.1.6 Rest of Europe: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Europe: Hot Runner Temperature Controller Market- by Type
10.1.1.6.2 Rest of Europe: Hot Runner Temperature Controller Market- By Application
10.1.1.6.3 Rest of Europe: Hot Runner Temperature Controller Market- By Control Zone
11. Impact of COVID-19 Pandemic on Europe Hot Runner Temperature Controller Market
11.1.1 Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 EWIKON HEIßKANALSYSTEME GMBH.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Gammaflux
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 GÜNTHER Heisskanaltechnik GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Husky Injection Molding Systems Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Meusburger Georg GmbH & Co KG
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Mold Hotrunner Solutions Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 INGLASS S.P.A.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Hillenbrand, Inc. (MOLD-MASTERS)
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Hot Runner Temperature Controller Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. Germany: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 8. Italy: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 14. Russia: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of Europe: Hot Runner Temperature Controller Market- by Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Hot Runner Temperature Controller Market- By Application –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Hot Runner Temperature Controller Market- By Control Zone –Revenue and Forecast to 2028 (US$ Million)
Table 20. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Hot Runner Temperature Controller Market Segmentation
Figure 2. Europe Hot Runner Temperature Controller Market Segmentation – By Country
Figure 3. Europe Hot Runner Temperature Controller Market Overview
Figure 4. Valve Gate Hot Runner Segment Held the Largest Market Share in 2020
Figure 5. Packaging Industry Segment Held the Largest Market Share in 2020
Figure 6.-72 Zone Segment Held the Largest Market Share in 2020
Figure 7. Germany was the Largest Revenue Contributor in 2020
Figure 8. Europe – PEST Analysis
Figure 9. Europe Hot Runner Temperature Controller Market– Ecosystem Analysis
Figure 10. Expert Opinions
Figure 11. Europe Hot Runner Temperature Controller Market: Impact Analysis of Drivers and Restraints
Figure 12. Europe Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe: Hot Runner Temperature Controller Market Revenue Share, By Type (2020 and 2028)
Figure 14. Valve Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Open Gate Hot Runner: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe: Hot Runner Temperature Controller Market Revenue Share, By Application (2020 and 2028)
Figure 17. Automotive Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Electronic Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Medical Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Packaging Industry: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Others: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe: Hot Runner Temperature Controller Market Revenue Share, By Control Zone (2020 and 2028)
Figure 23. Up to 12 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 24.-48 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 25.-72 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 26.-108 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 27.-144 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 28.-180 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 29.-216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Above 216 Zones: Hot Runner Temperature Controller Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Geographic Overview: Europe Hot Runner Temperature Controller Market
Figure 32. Europe: Hot Runner Temperature Controller Market Revenue Share, By Key Country (2020 and 2028)
Figure 33. Germany: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. France: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Italy: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. UK: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Russia: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Europe: Hot Runner Temperature Controller Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Impact of COVID-19 Pandemic in Europe Country Markets
- Gammaflux
- Husky Injection Molding Systems Ltd.
- Meusburger Georg GmbH & Co KG
- INGLASS S.P.A.
- Hillenbrand, Inc.
- Mold Hotrunner Solutions Inc.
- GÜNTHER Heisskanaltechnik GmbH
- EWIKON HEIßKANALSYSTEME GMBH
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